U.S. Futures, Global Markets Mixed After Fed Chair Dampens Further Rate Cut Hopes

Core Viewpoint - Futures for the S&P 500 remained flat as Jerome Powell tempered market expectations regarding a potential interest rate cut in December, while the U.S. government agreed to reduce tariffs on Chinese goods [1] Group 1 - Jerome Powell's comments have led to a cooling of market expectations for a December interest rate cut, indicating a more cautious approach from the Federal Reserve [1] - The U.S. decision to cut tariffs on Chinese goods may have implications for trade relations and economic growth, potentially benefiting certain sectors [1]